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Why is Contribute-As-You-Earn (CAYE) only piloted on Government procurement entities?

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Source: https://www.cpf.gov.sg/member

The Government, as a service buyer, has taken the lead to implement and pilot Contribute-As-You-Earn (CAYE). There are currently no plans to extend CAYE to the private sector.

This information provided here is sourced from the CPF website.


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